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Speech
The Outlook for the Economy and Monetary Policy; Vantage Point: Economists on the Economy Series, The Council for Economic Education, New York, NY
The Federal Reserve System also supports economic education as part of our mission to engage in our communities. The Cleveland Fed?s Learning Center and Money Museum offers various programs for teachers and students with the goal of increasing financial and economic literacy. What we have learned over the years is that when people have a better understanding of the economy, they can make better financial decisions and be part of the national discourse on the important economic policy choices facing the country. Federal Reserve policymakers are also in the economic education business. One of ...
Working Paper
Is It Still an Econ Course? The Effect of a Standardized Personal Finance Test on the Learning of Economics
We study the implications of mixing economics and personal finance standardsin a high school course. Using administrative, survey, and testing data on collegestudents, we find evidence that personal finance instruction crowds out economicsinstruction. We find that students who received more instruction in economics scorealmost 5% higher on an economics test. Furthermore, we estimate the effect of beingassigned a certification test in personal finance as a part of this course. The effect ofthe certification test is not uniform across students. The test reduces the economicsscores of students ...
Bringing Economic Education to the Masses
Mary Suiter, assistant vice president and economic education officer at the St. Louis Fed, explains the benefits of teaching economics to young children.